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Technology Stocks : Ampex Corporation (AEXCA) -- Ignore unavailable to you. Want to Upgrade?

To: HPilot who wrote (3403)	9/12/1998 2:29:00 PM
From: Hal Campbell	Read Replies (1) \| Respond to of 17679

Yeah all quills sting, Hugh. But I had never encountered anything in remotely the AXC category for losses. Substantial losses ( by my standards). Down about $33,000 from my cost basis and from the salable highs ( few could have actually sold at 15.75) down about $311,000. Not to mention mammoth opportunity cost. I had always bought tech stocks....any stocks...low and sold into surges. Made very nice profits- easily market beating, but again and again and again I had missed huge portions of upward moves by selling too soon. Picked the wrong stock in AXC to finally hang on to. But that is a long and old and now boring story. This is a new situation for AXC. And, personally, this situation and this price interests me again. ( UHOH) For all the details - we all know the focal point for AXC's decline. It has been a " Honey I Shrank the Company" story. Revenues and profits have steadily declined and so the stock price has too. If AXC keeps shrinking the price will keep on shrinking with it. AXC is one elegant penny stock( in terms of cash and products and history and prestigious customers), but I cannot call the bottom ...... There are reasons though, despite all the unknowns, why in my opinion most of the risk from these prices is market risk. One is the potential of the litigation. One the likely royalty pop next year. One is their warchest and the top and bottom line potential of the future acquisitions - or the panache potential. One is that obviously revenues will soon be rising for the first time in years due to Micronet. One is that they are working on a more complete storage package to offer new markets. Given the excellence of products, some growth is finally probable in time. And it wouldn't take all that much growth or all that much of a story - visual storage and delivery on the net and elsewhere - to turn around the valuation as well as the direction of revenues and profits. And the other is the present price. At 1.125 .....if it takes 2 years just to go to 1.5 ...well that would be an annualized return of over 15% per year. To 3 in 2 years? Over 63% ( again...per year.) To 4? Over 88%. To 0? Enormously unlikely. So , I will probably buy some more and batten down the hatches. Sure am seriously considering it anyway.

To: HPilot who wrote (3403)	9/13/1998 8:28:00 PM
From: HPilot	Read Replies (1) \| Respond to of 17679

Hey I think that the economy is going to improve greatly. The republicans already feel that they can now pass any law they want and especially so after the elections. They are getting a jump start for 99 and are even now rewritting the welfare laws. Even the definition's are pretty revealing. Apparently they plan to save a lot of money on homeless shelters. For the definition I have copied below shows. Homeless Shelters: A maximum of 36 cardboard boxes. Bill may take notice!